|
. . ..�._..�_,.:,,, _.....1 �'i.t' �._ '_ __._ __. _._ __. ���:_. n�� _ . _______._ _____________
<br /> ` -
<br /> .. _ .._.____. ._���_�s..n.,..�..,_.�_ . - ..___. _ -__._. __ _ _ ___._. _ . ___ ._- ____ _ . . _
<br /> -� _ -�...__ ...�y..�-._. -..-. .' __— _ . . . . . . .
<br /> -_- ._-°—�— `- --- � -- ' ' _ .J ___ .
<br /> , . .. � . , —-- Y.. _.. . �. a. .�
<br /> ,.,'�� � � , ., ���r` � ::a.��.- .n
<br /> "'�� `�t' :�►��fdlt:a::
<br /> ��r�:� . . _ _
<br /> Nr
<br /> . _.....tr-�-.:_�--_---- -- 92--106'�32
<br /> _�:�
<br /> periods tlut i.ender roquire9. The i�urrr�ce cwrrier providing�he inaurance ahwil ba chosen by Bortower subject ta Lenderh
<br /> appmvYl which shall nat be unreasautbly withheld. If Borrower fails to maint�in covemge descrilxd o6ove,Lender mey.at
<br /> _ - -�"'--_- - - Lendtr�optton.obtoin covenge to protoct Lender's righta in theproper�y m ucconlanco with psu�grypi�T. .-
<br /> -- - Atl insumnce palicks u.�d fCt1EW8IR BI18II I)C tiCCCptable to Lender �and shnll include a stondard mortgage clause. Lender
<br /> _ ---- ' shall have the dght to hold ths policics and renewalR. yf Ler�der requir+es,Borrower shall promptly give lo Lender all receipts _
<br /> -:.�
<br /> of paid prcmiums wid�enewal notices. In the ovent of loss,Borrower shail�ive prompt notice w t he i neurAnco c a n ier and
<br /> `� Lender. Lender muy make praof of loss if not mnde prompdy by Bomower.
<br /> '�'"� � � Unless Lender And Borrower otherwise ngree in writing.lnsurancc raceeds shall be applied w rcst�ration ar rcpair of �
<br /> �=
<br /> -� • tho Property damaged. if the reatoratian or repui�is economicAily feas bte and Lender's securfty ia not Ies�ened if Ihe
<br /> - •� restoration or napair is not ecanomicnlly feasible ar Lenderk securiry would be Icssened, the ineur�nce proceeds shAll bc
<br /> _���., applied to the suma s�curcd by this Security Instrument, whether or not tiun du�. wlth any exceas paid to Borrower. If
<br /> -- _- - - - -- -�
<br /> � -- Borrower abundons the Property. or dces not answcr withln 3t1 dayR a notico from l.ender that�he insurance cnrrier has �
<br /> —�- offered w settle u clainL theo Lender may collect ihe insurnnce proceeds. Lender muy use the praceeds to repulr or restore
<br /> ----_=- """"� the Property or to pay sums cecuned by this Security Insqument,wi�cther or not then due. The 30-day pedod wjll bcgin when
<br /> _= the notice is given. -
<br /> �-'-°� Unless Lender and Borrower othenvl�se ugree in writing,nny appUcatlon af proceeds to principnl shull not extend or
<br /> postpona ihe due date of the monthly payments referred to in pnragraphs 1 su�d 2 or change Ihe emount of the paymenta. If
<br /> --- under paragrnph 21 Ihe PropeAy is ncquired by Lender, Borrower� right to any insurnnce policics and praceeds resulting
<br />�� from damago to the Property pdor to the acquisiaon shall pass to Lender to the extent of the suma secured by this Securiry
<br /> -- Incuument immcdiately p�ior to thc acquisition.
<br /> -- - — 6. Occupancy, Preservalloa, Mointenonce pnd Protectbn at the Property; Borrower's Loan AppllcAtlon;
<br /> ='�:�:=°�;�;.;�� Leaseholda Boao�ver ahall accupy,establish,and use the Praperty as Borrower's pdncipal residence within sixty days after -
<br /> �.{�-:'y� the execudon af this Securlty lnauument and shall continue to accupy the Property us Borrawer's principul residence for at
<br /> —��� �`�-'" leuszt one yeur nfter tLe date of acupuncy, unless Lender otlienvise s�gr�ees in wrlting, which wnsent shall not be
<br /> __ ,�. � . unreasonably withheld.ar unless eatenuating circumstances exiat which ure beyond Borrower's control. Barrower shall not
<br /> _,_,�,�„�rs A.:.����� destroy.damage or imp�ir the Property,allow the PropeRy to deterioratc,or cammit waste on the Property. Horrower shall
<br /> — . be in defuult if uny forfdture action or proceeding,whether ctvil or criminal,ia begun that in Lender's good faith judgment
<br /> ���—' �� could result in forFciturc of the Property or othcrwise muterinlly impar the lien creAted by this Security Instrument or
<br /> i9""""°'�' � Lender's secudty intenesG Boirower muy cure such u default and relnstate,as provided in paragraph IS.by causing the action
<br /> ,y-r�r��;� ar proceeding to be dismissed wlth a ruling that,in Lender's gaod feith determination,precludes fodeitutc of the Borrowers
<br /> -- x�ea�:a,i:.,,at.•3*� intercst in the Propeny or other materlal impaimient of the lien creuted by this Securlty Insuument or Lenderc isecurity
<br /> '��•�"""s""" '"- interes� Bortower shall ulso be in default if Borrower, during the loan upplication pracess, gave materielly false or c
<br /> ,+�:,�• ."
<br /> _'�x"'�i•��3�,;,:�. � inuccurete infortnation or statements to Lender(or fuiled to provlde l.ender with any material information)in connection with
<br /> the loan evidenced by the Nate, including. but not limited w. �presentndons concerning Borrower's occuQnncy of the
<br /> - �`" ; *`� -' Property us u principul tesidence. If this Securiry Instrument is on a lensehold,Borrower shull comply with nll the provisions
<br /> ,:— �n,.: ... _' .
<br /> --" of the leuce. If Borrower acquircs fee title to�he Property,the leasehold and the fee title shall not merge unless L,ender agrees
<br /> • _.�.^.a��:���:'=•�vr �-
<br /> �.� �,_E�� to the merger in writin�. �
<br /> .�;� ��;. =-S � 7. Protection oi Lender s R(ghta In the Property. If Borrower fnilg to pedorm the covenantv and agreements
<br /> --� � cantuined in this Secudty Inswment. or thene is a legnl praceeding that may significnntly affect I.ender's rights in the _
<br /> __::�, :,.;...a.-Y:_r� Property(such as a procecding in bankruptcy,probate,for condemnotion or forfeiture or to enforce luws or regulations),Ihen -.
<br /> --� �^,:,. .:,,, Lender mny do und puy for whatever ih necessary lo protect the value of the Property und Lender's rights in the Ptopetty.
<br /> '�.�1�k Lender's nctions may include paying nny sums�secured by u lien which has priority over this Securiry Instrument,appearing -
<br /> _ •;i+;'�;�;�`,;�;_;;' � in court,paying rraisonuble uttomeys'fees And entering on the Property to meke repainc.Although Lender may take action
<br /> � ��°`���+_k�� under this pumgrnph 7, Lender daes not have to do ga. -
<br /> � •�'�" ''� `"' . Any�unounts dis6ursed by Lender under this paragruph 7 shull become additionul debt of Borrawer secured by this
<br /> - -��_�•�-��? Security lnstrument. U nless Borro�+�er nnd Lender ugree to other tertns of pnyment,thexe amounts shel I benr interest from the
<br /> � �"•'•�'�.� • 1 J date of disbursement ut�he Note rate And shall be payuble,with interesG upon notice from Lender to Borrower requesting �
<br /> •.,.� ':, payment. --
<br />-�"•"" � "'!: °�.�� � S. Mortgage lnaurance. If Lender required mongugc insurunce us u condition of making the loan secured by this -
<br /> �:""�,'� '- "" Security Instrument,Borrower shnll puy thc premiums reyuired to muintuin the mortgoge incurnncc in effect. If. for ony _
<br />�' ��. :°�" reason, the moRguge insuronce coverage required by Lender lap.ses or ceaxex to be in effect, Borrower xhull pay the
<br /> - t �+.�;i �.� . ��i' prerniums required to obtuin cuveruge substuntiully eyuivulent to the moriguge insurunce previously in effect. at a cost
<br /> -}-'-'� ;,�,,.�„ subs�antially cquivulent ro the cost to Borrowcr uf thc mortgugc insurunce previou�ly in effect,from nn altemute mortgage
<br /> �'_,;, insurer approved by I.ender. If xubsluntfally eyuivolem monFvge insurnnce coveruge i,not nvuil�ble, Borrower shall pay to
<br /> _. . . Lender each month a sum equul to one-twelflh of the yearly mortgage insurnnce premium being puid by Borrower when the
<br />:�M • '' •'° inaurance covcrage lupsed or cenxed to bc in cffect. Lendcr will ucccpt,use und retuin thc�e paymems ax e loss reserve in lieu
<br /> �' �;�"� of mortgage insurance. Lo�s rcscrvc puymentY muy no longcr be reyuircd,ut the option of Lender, if monguge insurunce
<br /> ��'- ; ;,,,��- ` covernge(in the umounl nnd for the pr:riod that Lender reyuirex)provideJ by un insurcr upproveJ by Lender ngain becomes -
<br />'�°• °� .w>-�+.., uveilable and is nbtnined.Borrower shull puy d�e pRmiums reyuired�o muimain mongnge insumnce in effec�,or to provide n -
<br />`�'�'�� '� loss reserve,until the requirement for mongage imuranre ends in�ccordance with uny written agmement between Borrower
<br /> � o . . nnd Lender or upplicuble luw.
<br /> ' 9. Inapection. Lender ur its ugent muy muke r�asonuhle�ntric.u�m unJ ins�ctions nf the Propeny. Lender shall
<br /> � ' give Bormwer notice at lhe time uf nr prior to un ins�xction xpecify inF reasonuhlc cau�e for the inspectiim. F
<br /> n � �� • 10. Condemaptlop� The pracccdx of nny award or rluim ti�r Jamu�c�,dirccl i�r rcroscyurntial,in connection with nny F
<br /> Slagle F•rmily..Fonnk Moe/MYeddk:Nac UNIt'ORM111N5TNUMF.NT--UuHorm Cuvcnont. 4/90 �pu.ke.i njn pugasl �
<br /> ,.}y��'.. - GrcM Itlttn&alnera Famr.Inc-�
<br /> ,. tn(hMr�:all IA(1D53R93Y3 C7 PAII 81&iNl•1191 �
<br /> '�r .��' ;' r ,i �
<br /> .%
<br /> ' —•��-- - ..�.- -- --: - - � �- ' . - . . n�"�t-n�
<br /> � .. . : .. . ._".: - ' .� - -r•--.-"Ma�. - c'27;r�.•.•.:':v,:�..:ir,:.".3�:. :�.Ki'�:-:
<br /> �
<br /> [+ .�. � r... _3i�_"'.�,... - ..
<br />. . -__ "__— "—__ "_ -_.
<br /> ., r"_..
<br /> -i---�--- �
<br />- . , r
<br /> 4. �
<br /> . � .... �.� ' . ..
<br />. . 'V w�� �� _ .
<br /> ! �- �1
<br /> � . �
<br /> ,' � .
<br /> � '� .. . • . . .._._.."_ __-.._._ ...__ __._ ._... __ _
<br />
|